5 Mental Responses That Will Make You Lose Money

[spiker777]

The raising stakes one is definitely one a lot of people fall victim to. I have even been a victim myself numerous times over the year, e.g. I'll just keep doubling up until eventually I win.... Until I get an unlucky streak and lose a lot of money. People need to understand statistics, they assume that they are the only score that matters, when in reality they are part of a cohort of people which constitutes the average. Just because extraordinary events seem unlikely to a single person, across a cohort it is quite possible, and the more times you double up, the more chance you're going to get screwed.

[1715118617]

1715118617

[1715118617]

1715118617

[1715118617]

1715118617

[1715118617]

1715118617

[1715118617]

1715118617

[el kaka22]

Human brain is no doubt one of the most important component of the human body and that the ones who exactly know how to make the best possible use of the brain are the ones who are making lot of money and are amongst the world’s wealthiest persons. You can also be one of them but for that you need to make the best possible use of this thing so that you may also get what you want in your life.

No doubt in this. But what if someone wants to kill himself, does he should be using the best aspects of his mind and plan so fantastically using the efficiency of his mind to kill himself? No, definitely no. we have to stop him and he must be stopping himself too. Likewise, in gambling, this is just a story of killing yourself financially and then let yourself engaged in how to use your mind efficiently.

That is the martingale strategy . I fell for it when I used to gamble, got so comfortable with it that I will just let it keep rolling until one day when I realized the house edge will always win when those long streak of losses comes. This is a game of chance and sometimes, we always get to forget that all in the name of thinking we have arrived with some strategy and then we just lose everything at the end.

The worst thing that can ever happen to any gambler is things working out pretty fine from the start, getting so comfortable, and falling straight into that trap.

[Finestream]

1 – Aversion to Loss

2. False Expert Belief

3. What Goes Up Must Come Down

4. Raising Stakes

5. Bandwagon Effect


https://degenbet.com/5-mental-responses-will-make-lose-money/

That is only some of the many responses that will make you suffer in playing gambling. There is no good thing about gambling, that is why I'm wondering how other people are having a hard time leaving gambling, yes we could be addicted but if we are mature enough to accept our lose, then quitting is no big deal, our mindset should be "I lost, that is fine, gambling is not the only way to earn money" something like that for us to avoid losing too much.

If only the mindset of all gamblers will be just like that,then we cannot expect to see addicted gamblers that are almost ruining their own lives.But due to some greediness of gamblers,they forget that gambling is just made for fun and entertainment,and it should not be a means of living.Once they experience loss,they will try to regain it not knowing that this will lead to a more losses in him.

[sweetbet]

The 2 mistakes that I use to make were: 1. Upping the wager and 2. Chasing losses. I'm glad that I very rarely gamble now.

[orions.belt19]

Human brain is no doubt one of the most important component of the human body and that the ones who exactly know how to make the best possible use of the brain are the ones who are making lot of money and are amongst the world’s wealthiest persons. You can also be one of them but for that you need to make the best possible use of this thing so that you may also get what you want in your life.

No doubt in this. But what if someone wants to kill himself, does he should be using the best aspects of his mind and plan so fantastically using the efficiency of his mind to kill himself? No, definitely no. we have to stop him and he must be stopping himself too. Likewise, in gambling, this is just a story of killing yourself financially and then let yourself engaged in how to use your mind efficiently.

That is the martingale strategy . I fell for it when I used to gamble, got so comfortable with it that I will just let it keep rolling until one day when I realized the house edge will always win when those long streak of losses comes. This is a game of chance and sometimes, we always get to forget that all in the name of thinking we have arrived with some strategy and then we just lose everything at the end.

The worst thing that can ever happen to any gambler is things working out pretty fine from the start, getting so comfortable, and falling straight into that trap.

This is why there are morals and values. Even while the capacity of the brain allows one to make intelligent decisions, it is a person’s morals and values which will guide their decisions. An intelligent person may be capable of coming up with an elaborate plan to kill one’s self (or another person?) but it is their morality that will stop them if they value life. Same goes for gambling since there are those who view it as evil.

[btc-facebook]

Rule 3
Yes, the problem is when it happen as historical graph become useful because it's has similiar pattern

Rule 4
I'm using martingale because I want to cover my loss so as long as I can afford to loss, it won't be any problem

[malikusama]

Along with other mental responses you have mentioned this one

2. False Expert Belief

 is the main reason why many of us are losing money, over confidence is our greatest enemy which can ruin ability and skills.
Believe in yourself but don't ever think that you are an expert or anything like that.

[BitcoinCommodor]

Rule 3
Yes, the problem is when it happen as historical graph become useful because it's has similiar pattern

Rule 4
I'm using martingale because I want to cover my loss so as long as I can afford to loss, it won't be any problem

If you consider all such cases and considerations in gambling, people you are going on a wrong track. Believe me this wouldn’t be helping you out. Find some good income source where you can earn freely and where there are more chances of winning than losing. Don’t just make your lives destructed. Think over your decisions and make better choices as your lives are so important for your families.

[crazycatwoman03]

Rule 3
Yes, the problem is when it happen as historical graph become useful because it's has similiar pattern

Rule 4
I'm using martingale because I want to cover my loss so as long as I can afford to loss, it won't be any problem

If you consider all such cases and considerations in gambling, people you are going on a wrong track. Believe me this wouldn’t be helping you out. Find some good income source where you can earn freely and where there are more chances of winning than losing. Don’t just make your lives destructed. Think over your decisions and make better choices as your lives are so important for your families.

Right, finding a real job is more reliable than doing gambling over and over again. People took risk when they still play even if they lose all the time, they usually think that how much they loss will be covered once they win. I always believe that no profit can be gained from playing gambling, that there will be more losses that wins.

Gamblers should know when to stop, especially to stop if gambling is not doing any good to them. I think this is the number one problem with them, they still gamble even if they have loss so many times already.

[Aleister Crowley]

raising bets does not always make us lose money .. let alone we have and unlimited with big bet bets ,, I think it will be profitable in the long run .. especially if we gamble in casino roullete .. with some strategies that have been in stacking with mature, I think it will grow victory

[wuvdoll]

This is really true, people who are going through this mental responses is due to loss of control to itself, many people feel this whenever they lose money due to gambling and other ways that make them lose their money. Especially in gambling, whenever you lose you always feel or believe that you will gonna win and keep betting even though you already have lost a lot of money and thinking that you still win.

Human brain is no doubt one of the most important component of the human body and that the ones who exactly know how to make the best possible use of the brain are the ones who are making lot of money and are amongst the world’s wealthiest persons. You can also be one of them but for that you need to make the best possible use of this thing so that you may also get what you want in your life.

No doubt in this. But what if someone wants to kill himself, does he should be using the best aspects of his mind and plan so fantastically using the efficiency of his mind to kill himself? No, definitely no. we have to stop him and he must be stopping himself too. Likewise, in gambling, this is just a story of killing yourself financially and then let yourself engaged in how to use your mind efficiently.

You can only help those who are willing to get help as it is the same way on how you can only be able to stop someone from getting himself killed one time as you cannot be there every time. Aversion to losses is the main thing that has made a lot of gamblers set them-selves on fire unknowingly with the mindset of winning as long as they keep trying.

Some will even try to get strategies, get comfortable with it until they see how days of winning and comfort can turn to few minutes of losses, emotion and more loss.

[TheUltraElite]

Believe in yourself but don't ever think that you are an expert or anything like that.

You can believe in yourself to be an expert in everything except gambling or any other luck based games. Because of the EV- nature of gambling and sometimes EV+ games as well, nobody can be 100% sure that the match will be in their favor. Its all a 50-50 chance and if you want to risk the chance then you should consider that money as gone, if it returns then you are lucky.

raising bets does not always make us lose money .. let alone we have and unlimited with big bet bets ,, I think it will be profitable in the long run .. especially if we gamble in casino roullete .. with some strategies that have been in stacking with mature, I think it will grow victory

Raising the bet only makes the person lose more money - because in the end the house will always win.

[imstillthebest]

Believe in yourself but don't ever think that you are an expert or anything like that.

You can believe in yourself to be an expert in everything except gambling or any other luck based games. Because of the EV- nature of gambling and sometimes EV+ games as well, nobody can be 100% sure that the match will be in their favor. Its all a 50-50 chance and if you want to risk the chance then you should consider that money as gone, if it returns then you are lucky.

raising bets does not always make us lose money .. let alone we have and unlimited with big bet bets ,, I think it will be profitable in the long run .. especially if we gamble in casino roullete .. with some strategies that have been in stacking with mature, I think it will grow victory

Raising the bet only makes the person lose more money - because in the end the house will always win.

keep in mind that not all gambling games are only based on luck because there are also gambling games that is mainly based on pure skills. therfor believeing in your self that you can win it is always beneficial because that can boose your self confidence and self esteem.

raising bets wont also lead to more looses because as what ive said earlier , not all gambling games are based on luck. you can still win huge profit if you only play gambling that is based on skills. some other wise gamblers do also won big profits no matter what type of gamling they are playing (whether it is skill or luck based ) because they know what their doing. they do stop betting at a certain point so that they can already secure their winnings.

[gabmen]

raising bets does not always make us lose money .. let alone we have and unlimited with big bet bets ,, I think it will be profitable in the long run .. especially if we gamble in casino roullete .. with some strategies that have been in stacking with mature, I think it will grow victory

Well the possibilities aren't always 50/50 though. Yeahbl it doesn't always end up in losses but excessive betting will most likely drain you of your funds more than catching up with your previous losses

[betMaster]

I think most of all , what makes you loose your money is the lack of confidence in what you're doing or the lack of experience in what you're doing because someone who's gambling for the 1st times on a certain game won't either have the needed experience to correctly predict what's happening or make accurate speculations nor the confidence to know what he's doing is right . So people should really avoid doing such mistakes in order to cut down their losses before they even take place .

[megynacuna]

I think most of all , what makes you loose your money is the lack of confidence in what you're doing or the lack of experience in what you're doing because someone who's gambling for the 1st times on a certain game won't either have the needed experience to correctly predict what's happening or make accurate speculations nor the confidence to know what he's doing is right . So people should really avoid doing such mistakes in order to cut down their losses before they even take place .

How do they gain experience on gambling if they don't make that first bet. It's about time some of you realize that experience comes with price and they must attain them, by loosing something and such way to me is not loosing your money because you have learnt some thing for them and that is different from loosing out in hardcore gambling.

[Hamphser]

This is really true, people who are going through this mental responses is due to loss of control to itself, many people feel this whenever they lose money due to gambling and other ways that make them lose their money. Especially in gambling, whenever you lose you always feel or believe that you will gonna win and keep betting even though you already have lost a lot of money and thinking that you still win.

Human brain is no doubt one of the most important component of the human body and that the ones who exactly know how to make the best possible use of the brain are the ones who are making lot of money and are amongst the world’s wealthiest persons. You can also be one of them but for that you need to make the best possible use of this thing so that you may also get what you want in your life.

No doubt in this. But what if someone wants to kill himself, does he should be using the best aspects of his mind and plan so fantastically using the efficiency of his mind to kill himself? No, definitely no. we have to stop him and he must be stopping himself too. Likewise, in gambling, this is just a story of killing yourself financially and then let yourself engaged in how to use your mind efficiently.

You can only help those who are willing to get help as it is the same way on how you can only be able to stop someone from getting himself killed one time as you cannot be there every time. Aversion to losses is the main thing that has made a lot of gamblers set them-selves on fire unknowingly with the mindset of winning as long as they keep trying.

Some will even try to get strategies, get comfortable with it until they see how days of winning and comfort can turn to few minutes of losses, emotion and more loss.

Thats how it goes and even early results are just good it can turn out bad anytime or in instant which isnt surprising or somehow a thing should anticipated.Players or gamblers do have fixed minds towards gambling if they would pursue even they do know the risk then its their choice and later on they would realize and regret when they do already face non good consequences. Some might recover thru addiction and some would still remain until they would fucked up their own lives.

[onrise]

The 2 mistakes that I use to make were: 1. Upping the wager and 2. Chasing losses. I'm glad that I very rarely gamble now.

Chasing losses this is what I would say 60% of the people would be playing for as everybody wants to make quick money and gambling seems to be one of the option for this people so they want to make money and if lost they will play more to recover those money too.

[lol1yatme]

Along with other mental responses you have mentioned this one

2. False Expert Belief

 is the main reason why many of us are losing money, over confidence is our greatest enemy which can ruin ability and skills.
Believe in yourself but don't ever think that you are an expert or anything like that.

False expert belief can be one of the reason for which we are losing money in gambling but for me the main reason for which we are losing money in gambling and will lose money in future also because that reason lies in our nature and we can get control over it but can’t uproot it. This reason is the greed present in the nature from the birth.

[boyptc]

Well the possibilities aren't always 50/50 though. Yeahbl it doesn't always end up in losses but excessive betting will most likely drain you of your funds more than catching up with your previous losses

Excessive gambling will trigger your mind and emotion which will cause you not to stop gambling. And when it does, you'll lose money and there's no guarantee that you can recover it that quick.